#Country Updates #News #Nigeria

Reps wants Nigerians as CEOs of oil multinationals

Two Bills mandating multinational oil companies and every other multinational firm operating in the country, to appoint qualified Nigerians as their Chief Executive Officers have passed first reading on the floor of the House of Representatives.

The two Bills sponsored by the Member representing Degema/Bonny Constituency in the House of Representatives, Hon. Farah Dagogo, stipulate that any multinational that contravenes it would have committed an offence and be convicted.

The bills are, Multinational Companies Appointment of Chief Executives (Regulatory) Bill, (House Bill 1,933) and Nigerian Oil and Gas Industry Content Development Act (Amendment) Bill, (House Bill 1,934).

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Source: Sweetcrudreports

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